The Hindu Business Line : Cangilt, Canequity announce dividend

Canbank Mutual Fund has declared dividend for two of its schemes, Cangilt and Canequity Diversified, under the income plan. Canequity scheme has declared a dividend of 30 per cent for units with a face value of Rs 10. As on August 29, Canequity under the income plan had a NAV of Rs 21.97, while growth plan had Rs 35.26.

Cangilt, which has a face value of Rs 10, has declared a dividend of seven per cent, under the income plan. The NAV of the scheme is Rs 10.94, while under the growth plan it was Rs 19.17. The objective of the scheme is to provide risk free return and long term capital appreciation by investing only in Government securities.

September 5 has been fixed as the record date for the income distribution of these schemes. The books of Canequity and Cangilt will remain closed on September 6-7 on account of the dividend distribution.

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